Saudi POS transactions leap 35% to SAR 37.6 bln in December 2020

Point-of-sale (POS) transactions in Saudi Arabia saw a 35% rise to around SAR 37.62 billion in December 2020, from SAR 27.93 billion during the same month last year, figures from the Saudi Central Bank (SAMA) showed.

Data also showed that 346.6 million transactions were processed through nearly 721,100 points of sale.

POS transactions represent what is spent by consumers using their ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.

POS Transactions (SAR bln)
Month	2019	2020	Variation
Jan	21.38	28.53	+33%
February	19.24	25.93	+35%
March	23.43	24.79	+6%
April	24.13	16.18	(33%)
May	27.82	23.45	(16%)
June	20.76	37.02	+78%
July	23.54	31.51	+34%
August	23.76	31.15	+31%
September	24.84	33.21	+34%
October	25.12	33.64	+34%
November	25.85	34.26	+33%
December	27.93	37.62	+35%

Cash withdrawals declined 14% to SAR 55.06 billion in December 2020, from SAR 63.66 billion last year.

The withdrawals were processed through 18,500 ATMs in December 2020, and through 154.8 million transactions.

ATM Withdrawals (SAR bln)
Month	2019	2020	Variation
Jan	63.22	62.94	(0.4%)
February	54.98	56.39	+3%
March	65.32	56.90	(13%)
April	62.63	40.55	(35%)
May	72.25	44.49	(38%)
June	54.40	49.38	(9%)
July	63.15	57.66	(9%)
August	59.65	48.06	(19%)
September	59.22	53.03	(10%)
October	62.61	52.89	(16%)
November	59.56	51.53	(13%)
December	63.66	55.06	(14%)

No. of ATMs since the beginning of 2020
Month	ATMs	Monthly Variation
January 2020	18888	+6
February	18890	+2
March	18876	(14)
April	18855	(21)
May	18836	(19)
June	18802	(34)
July	18604	(198)
August	18658	+54
September	18615	(43)
October	18568	(47)
November	18504	(64)
December	18458	(46)

Saudi Arabia’s consumer spending rose 1% to about SAR 92.7 billion in December 2020 from SAR 91.6 billion during the same period last year.

Saudi Arabia’s Consumer Spending (SAR bln)
Month	2019	2020	Variation
January	84.60	91.47	+8%
February	74.22	82.32	+11%
March	88.75	81.69	(8%)
April	86.76	56.73	(35%)
May	100.07	67.94	(32%)
June	75.16	86.40	+15%
July	86.69	89.17	+3%
August	83.41	79.21	(5%)
September	84.06	86.24	+3%
October	87.73	86.53	(1%)
November	85.41	85.79	+0.4%
December	91.59	92.68	+1%

For More Reports

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Popular Links

Quick Links

About Us

Join Us

Follow Us